A horizontal supply curve
A)is impossible except in the long run.
B)implies an elasticity of supply equal to zero.
C)implies an elasticity of supply equal to infinity.
D)indicates that suppliers are unwilling to produce the good.
E)indicates there is a fixed quantity of the good that can be supplied.

Question

Quizplus · Accepted Answer

A horizontal supply curve implies that the elasticity of supply is equal to infinity, meaning suppliers are willing to supply any quantity at a given price.

A Horizontal Supply Curve